7621 S Cottage Grove Avenue Chicago, IL 60619
COMMERCIAL - Chicago, IL
Property size:
18,000 SFLot size:
0.31 AcresPrice / SF:
$127/SF- Added:
- Jan 16, 2026
- Days on Market:
- 112
- Last Refresh:
- May 8 at 2:06 am
Property Features for 7621 S Cottage Grove Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 20263080040000
- Size
- 18,000 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 147222
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 3
- Building materials
- Brick, Concrete
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Jan 16, 2026
MLS# 12548055
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Significant value‑add opportunity with the non‑franchise motel license.
- Eligible for substantial City of Chicago grants and TIF funding for facade improvements and full building renovation.
- Located within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone.
- Strategic location in the well‑established Chatham neighborhood with strong traffic counts and walking distance to retail, services, and neighborhood amenities.
- Proximity to major transportation and key attractions.
- Offers compelling rehab, redevelopment, and potential revenue‑generating opportunities.
Overview
Chicago Motel with Restaurant Building
This is a 3-story, California-style exterior corridor motel featuring 34 rooms, constructed in 1974. A separate restaurant building is positioned at the front of the property. The property includes main-level parking and is situated on a total land area of 13,392 square feet, with a total building area of 18,000 square feet. It is located in the Chatham neighborhood on Chicago's South Side. The property offers potential for rehabilitation, redevelopment, and revenue generation as a non-franchise motel. The City of Chicago does not issue new non-franchise motel licenses. The location is within walking distance of retail, services, and neighborhood amenities and benefits from strong traffic counts. It is approximately 1 mile east of the Dan Ryan Expressway and about 3 miles from the Obama Presidential Library. The property is situated within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone. The City of Chicago supports this area through grants and TIF funding. It is eligible for facade improvements and full building renovation grants and qualifies for public incentives, potentially reducing capital outlay and increasing ROI.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Empire Motel
Hotel & Motel
Barbara Ann's Motel
Hotel & Motel
Similar Places Nearby
- The Woodlawn — 1200 E 79th St, Chicago, IL 60619
- Empire Motel — 7621 S Cottage Grove Ave, Chicago, IL 60619
- Barbara Ann's Motel — 7621 S Cottage Grove Ave, Chicago, IL 60619
- East of the Ryan — 914 E 79th St, Chicago, IL 60619
- Mommie-o — 8222 s calumet ave, chicago, il 60619
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6049499
- Latitude
- 41.7561206
Nearby Similar for Sale
FAQs
What type of property is this?
Motel - 34-room motel with separate restaurant in Chatham neighborhood.
Where is this motel located?
The property is located at 7621 S Cottage Grove Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Significant value‑add opportunity with the non‑franchise motel license.; Eligible for substantial City of Chicago grants and TIF funding for facade improvements and full building renovation.; Located within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone.
